far resources announces support for lithium battery-based vessel propulsion project - lithium iron phosphate battery

Far Resources announced support for lithium batteries-
Headquartered in Vancouver, Colombia, UK, May 06, 2019 (GLOBE NEWSWIRE)--
Far Resources Co. , Ltd (CSE:FAT)(FSE:F0R)(OTC:FRRSF)
I am pleased to announce that as part of its strategy to develop battery and renewable energy technologies, it is the main sponsor of the electric blue ocean power project, which aims to commercially demonstrate the capabilities of solar lithium batteries
Based on ocean propulsion with BattMat Technologies, Inc. Proving solar-
The use of marine power battery technology for lithium batteries for renewable energy storage continues to expand.
A less developed but promising application of lithium batteries is ship propulsion.
Lithium batteries were used in the well.
Known but expensive ($15 million)
More than seven years ago, the planet solar project used solar energy to orbit the Earth.
Since then, the functions and efficiency of lithium batteries and solar panels and electric motors have been greatly improved.
The electric blue ocean power project, implemented by blubluepower LLC, aims to demonstrate the application of lithium battery technology in a sustainable, efficient and cost-effective marine propulsion system that can power vessels to continuously utilize solar energy
The MaxSolarProp©System that combines lithium-ion batteries with fixed and flexible solar panels and efficient motors and owner electronics to optimize the Interior
Operating panel and motor using battery and battery management system, already installed at 40-
Electric blue solar yacht.
Electric blue launched a groundbreaking voyage along the iconic big ring road, including the eastern waterway of the United States (
Describes the East Coast from Florida to Washington, D. C. C.
New York, then inland from the Erie Canal to Buffalo. (
The great loop continues through the Great Lakes to the Midwest and along the Mississippi to the Gulf of Mexico. )
The project will prove that lithium-ion batteries have high performance and long life, stable and reliable for solar cells
It can only be used at a slower speed.
These uses include (
Automatic or someone)
Coastal and inland waterways, patrols and surveillance, and hydrological mapping of shipsto-
The coast on the remote island complements electricity, including power during a disaster or power emergency, and power for floating platforms for viewing landscapes and moviesmaking.
It is designed to replace the diesel engine on board with a hybrid
Large boats by the river and on both sides
Island barge transport.
Far's involvement is based on its partnership announced at March, working with technology and consulting company BattMat to create an advanced strategy that covers Far lithium resources, identifying new technologies
Drive trends in the battery materials industry and strengthen its strategic position and recognition in the battery and technology industry.
"We are very excited about this opportunity to market in this rapidly expanding industry," said Toby Mayo, president of Far . ".
"Our participation in electric Blue is part of the company's strategy to grow into incubatehigh --
Potential, proprietary battery and renewable technologies, while also advising companies to participate in the licensing of successful emerging technologies in the future to commercialize.
This is seen by seenby management as a real means to increase shareholder value through new incentives in the battery and renewable energy sectors, while introducing potential investors and partners to finance and establish in this growth industry
"The introduction of the electric blue is the culmination of several years of research and development controlled by its inventor LeeWheelbarger, who recently joined the advisory board of the Far, bringing expertise to the development of new batteries
Related power supplies and other technologies including lithium batteries
Batteries used on electric blue solar yachts.
Investors will be invited to meet with Mr Wheelbargerand from Washington station. C.
In a district of New York City, and in some other parts of the great loop, they can answer questions about the battery system there.
About Farr Resources Co. , Ltd.
It is a Canadian battery and technology metal exploration and development company with projects in Canada and the United States.
There is more information on the website of Far: www. farresources. com.
About BattMatBattMat Technology Co. , Ltd.
Committed to the progress of using batteries-
Key technologies and applications including distributed power supply, marine power supply and energy storage systems.
More information is available on BattMat's website: www. battmat. com.
For more information about the electric blue ocean power project, please visit the electric blue website: www.
Icbluepower.
Contact Information
Frank Anderson, director Resources Limited+1 (604)253-
3444 the Canadian stock exchange has neither approved nor rejected the contents of this press release, nor has it taken any responsibility for the adequacy or accuracy of this press release.
This press release may contain forward-looking statements
Forward-looking statements related to future events or future performance, including planned exploration, and reflecting current expectations and assumptions of management. Suchforward-
Forward-looking statements reflect the current beliefs of management and are based on assumptions made by the company and information currently available.
Please note that these forward-looking statements are neither a commitment nor a guarantee, and there are risks and uncertainties that may lead to significant differences in future results from the expected results.
All the strikers.
Forward-looking statements made in this press release are in line with these statements and the statements in the continuing disclosure documents that we provide on the SEDAR website. sedar. com. These forward-
As of the date of publication of this agreement, the company has no obligation to update or amend these statements to reflect new events or circumstances, unless required by applicable debt legislation.
This press release does not constitute an offer to sell the securities, nor does the company invite an offer to purchase the securities in any jurisdiction in which the offer is located, under the securities law of that jurisdiction, the tender or sale will be an illegal priorto registration or qualification.
Far resource flag.